Using the following information, prepare the Balance sheet dated Dec 31st, 2022. Do not include dollar signs $ in your answers.

Post-closing trial balance:

Account	Debits	Credits
Cash	25000
Accounts Receivable	40000
Allowance for Doubtful Accounts		4000
Inventory	80000
Investments	40000
Notes Receivable	30000
Land	250000
Buildings	200000
Equipment	100000
Accumulated Depreciation (PPE)_		50000
Trademark	30000
Patents	20000
License	5000
Prepaid rent	20000
Accounts payable		50000
Notes payable		180000
Salaries payable		79000
Taxes payable		32000
Interest payable		25000
Common Stock		300000
Retained earnings		100000
Accumulated OCI		20000
	840000	840000

Notes:

1. Investments consist of:

   3. A $2,000 municipal bond was issued on Nov 1st, 2022 with a maturity date 90 days from the date of issue.

   4. $20,000 in various bonds that the firm intends to hold until maturity.

      • $15,000 worth of bonds mature December 31st, 2027

      • $5,000 worth of bonds mature December 31st, 2023

   5. The remainder consists of stocks and bonds intended for sale within the next 12 months' current

2. Notes receivable includes:

   3. $10,000 due to June 1st, 2023 current

   4. $20,000 due to June 1st, 2024 non-current

3. Accounts receivable includes a $10,000 long-term note from a customer due Dec 31st- 2023. This note was left out of the reported Note receivables.

4. The land account includes a $50,000 piece of land that the firm does not intend to use in its operations. The firm does not have plans to sell this land in the next 12 months.

5. Notes payable include:

   3. $30,000 is a note due on Feb 1st, 2023

   4. $50,000 is a note due March 31st, 2027

   5. $100,000 is a note with 5 annual principal payments of 20,000 each. The first principal payment is due June 1st, 2023 20,000 current maturity, the remainder

6. Prepaid rent is broken down as:

   3. $12,000 rent for the year 2023

   4. Remainder for 2024

7. Common stock consists of:

   3. 100,000 shares outstanding of no-par-value stock issued at $3, 500,000 shares authorized PIC = 100,000 * $3.

Balance Sheet, Dec 31st 2022

Assets
?
Cash and cash equivalents		?
Investments
?	?
Held to maturity securities	?
Notes receivable	?
Total Current Investments		?
?	?
Less:?	?
?		?
Inventory		80000
Prepaid rent		?
?		?
Non-current Assets
Investments
Held to maturity securities	?
?	?
Notes receivable	?
Total non-current investments		?
PPE
Land	?
Buildings	200000
Equipment	100000
Less: Accumulated Depreciation (PPE)	-50000
Net PPE		?
Intangible Assets
Trademark	30000
Patents	20000
Licenses	5000
Total Intangible Assets		55000
Other Assets
?		?
Total Non-current Assets		?
?		?
Liabilities
Current Liabilities
Accounts payable		50000
Salaries payable		79000
Taxes payable		32000
Interest payable		25000
Notes payable		?
?		?
Total Current Liabilities		236000
Non-current Liabilities
?		?
Total Liabilities		?
Stockholders' Equity		?
Common stock
Retained earnings		100000
?		?
Total Stockholders' Equity		?
Total Liabilities and Stockholders' Equity		?

Answer rating: 100% (QA)

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